MIRA INFORM REPORT
|
Report No. : |
323224 |
|
Report Date : |
22.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
BIGSUN
TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
10/201, Garden Estate, Gladys-Alwaris Road, Off Pokhran Road No. 2,
Thane (West) – 400610, Maharashtra |
|
Tel. No.: |
91-22-27788467 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
16.10.2009 |
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|
|
|
Com. Reg. No.: |
11-196505 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2009PTC196505 |
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|
|
IEC No.: |
Not Available |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
The Company's business activity is that of developing, trading in the software and implementing services. |
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|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
Status : |
Moderate |
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|
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|
Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The management has reported continuous loss from its operations and
the losses are increasing. Moreover, the accumulation of losses has resulted in
the erosion of its net worth. Liquidity of the company is under severe
pressure. The company also has huge external borrowings which may further
deteriorate liquidity profile of the company. However, business is active. Payment terms are slow. In the view of aforesaid, subject can be considered for business
dealings on a safe and secured trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Balasubramanian Gopalkrishnan |
|
Designation : |
Director |
|
Contact No.: |
91-9820298089 |
|
Date : |
19.05.2015 |
LOCATIONS
|
Registered Office : |
10/201, Garden Estate, Gladys-Alwaris Road, Off Pokhran Road No. 2, Thane
(West) – 400610, Maharashtra, India |
|
Tel. No.: |
91-22-27788467 |
|
Mobile No.: |
91-9820298089 (Mr. Balasubramanian Gopalkrishan) |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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Head Office : |
Plot No.X-4/1, 4/2, MIDC, TTC, Mahape, Navi Mumbai – 400710,
Maharashtra, India |
|
Tel. No.: |
91-22-27788468 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Balasubramanian Gopalkrishnan |
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Designation : |
Director |
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|
Address : |
10/201, Garden Estate, Off Pokhran Road No.2, Thane (West) – 400610, Maharashtra, India |
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|
Date of Birth/Age : |
23.07.1973 |
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Date of Appointment : |
16.10.2009 |
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DIN No.: |
01985173 |
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Other Directorship :
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Name : |
Mr. Chirag Vyas |
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Designation : |
Director |
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Address : |
Plot No.67, Neel Madhav, Jawahar Nagar, Goregaon (West), Mumbai -400062, Maharashtra, India |
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Date of Birth/Age : |
15.02.1975 |
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Date of Appointment : |
16.10.2009 |
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DIN No.: |
00643694 |
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Other Directorship :
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Name : |
Savithri Balasubramanian |
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Designation : |
Director |
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|
Address : |
10/201, Garden Estate, Off Pokhran Road No.2, Thane (West) – 400610, Maharashtra, India |
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Date of Birth/Age : |
13.03.1977 |
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Date of Appointment : |
20.09.2012 |
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DIN No.: |
06377901 |
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Other Directorship :
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Name : |
Mr. Vinay Dua |
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Designation : |
Director |
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Address : |
X-14, RH-4, Sector 9, CBD Belapur, Navi Mumbai – 400614, Maharashtra, India |
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Date of Birth/Age : |
02.09.1962 |
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Date of Appointment : |
20.09.2012 |
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DIN No.: |
03396569 |
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Other Directorship :
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Name : |
Mr. Uday Shetty |
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Designation : |
Director |
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Address : |
Flat No. 1602, Balaji Heights, Sector -11, Plot No.4, Sanpada (West), Navi Mumbai, Thane – 400705. |
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Date of Birth/Age : |
15.09.1972 |
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Date of Appointment : |
15.03.2014 |
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DIN No.: |
06789557 |
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Other Directorship :
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Name : |
Mr. Pravin Khairnar |
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Designation : |
Director |
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Address : |
Flat No. 1002, Balaji Kalash, Plot No. 28/29, Near Holding Pond, Sector 26, Nerul , Navi Mumbai, Thane – 400706, Maharashtra, India |
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Date of Birth/Age : |
26.02.1967 |
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Date of Appointment : |
15.09.2014 |
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DIN No.: |
06965646 |
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MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Balasubramanian Gopalkrishnan |
|
900 |
|
Savithri Balasubramanian |
|
100 |
|
Total |
|
1000 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company's business activity is that of developing,
trading in the software and implementing services. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Auditors : |
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|
Name : |
Jatin Chheda and Associates Chartered Accountants |
|
Address : |
4, Paras, 168 R. B. Mehta Road, Ghatkopar (East), Mumbai – 400077, Maharashtra,
India |
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PAN No.: |
ACIPC0484E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs.100/-
each |
Rs.0.100
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves &
Surplus |
(10.618) |
(4.613) |
(1.575) |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
13.141 |
4.038 |
|
Total Shareholders’ Funds
(1) + (2) |
(10.518) |
8.628 |
2.563 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.344 |
0.209 |
0.049 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.344 |
0.209 |
0.049 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
25.117 |
8.292 |
0.000 |
|
(b) Trade payables |
0.000 |
0.000 |
0.000 |
|
(c) Other current
liabilities |
1.446 |
1.152 |
0.893 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
26.563 |
9.444 |
0.893 |
|
|
|
|
|
|
TOTAL |
16.389 |
18.281 |
3.505 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
11.705 |
12.206 |
1.128 |
|
(ii) Intangible Assets |
0.010 |
0.018 |
0.029 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.052 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.108 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.581 |
0.930 |
0.316 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
13.404 |
13.154 |
1.525 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
1.491 |
0.719 |
0.390 |
|
(d) Cash and cash
equivalents |
1.393 |
4.211 |
1.288 |
|
(e) Short-term loans and
advances |
0.101 |
0.191 |
0.290 |
|
(f) Other current assets |
0.000 |
0.006 |
0.012 |
|
Total Current Assets |
2.985 |
5.127 |
1.980 |
|
|
|
|
|
|
TOTAL |
16.389 |
18.281 |
3.505 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
9.743 |
6.807 |
NA |
|
|
Other Income |
0.175 |
0.094 |
NA |
|
|
TOTAL |
9.918 |
6.901 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
0.554 |
0.000 |
NA |
|
|
Employees benefits
expense |
6.150 |
5.288 |
NA |
|
|
Other expenses |
6.975 |
3.394 |
NA |
|
|
TOTAL |
13.679 |
8.682 |
NA |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
(3.761) |
(1.781) |
NA |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.053 |
0.564 |
NA |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(4.814) |
(2.345) |
0.467 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.056 |
0.533 |
0.340 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(5.870) |
(2.878) |
0.127 |
|
|
|
|
|
|
|
Less |
TAX |
0.134 |
0.160 |
0.005 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(6.004) |
(3.038) |
0.122 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(Rs.) |
(6004.00) |
(3038.00) |
122.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(61.62) |
(44.63) |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
(38.60) |
(26.16) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(36.05) |
(15.74) |
3.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56 |
(0.33) |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(2.39) |
0.96 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.11 |
0.54 |
2.22 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
(1.575) |
(4.613) |
(10.618) |
|
Share Application money
pending allotment |
4.038 |
13.141 |
0.000 |
|
Net worth |
2.563 |
8.628 |
(10.518) |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
8.292 |
25.117 |
|
Total borrowings |
0.000 |
8.292 |
25.117 |
|
Debt/Equity ratio |
0.000 |
0.961 |
(2.388) |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
6.807 |
9.743 |
|
|
43.132 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
6.807 |
9.743 |
|
Profit / (Loss) |
(3.038) |
(6.004) |
|
|
(44.63%) |
(61.62%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---------------------- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
---------------------- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---------------------- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
---------------------- |
|
33 |
Market information |
---------------------- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Loans repayable
on demand |
|
|
|
From Directors |
17.649 |
8.292 |
|
From Others |
7.220 |
0.000 |
|
Bank Overdraft |
0.246 |
0.000 |
|
Total |
25.115 |
8.292 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
REVENUES
The total income has increased to Rs.9.743 Million
from Rs.6.807 Million in the previous year at a growth of 43.13% out of total
revenue 46.18% has come from health care, and 53.82% from ERP.
BACKGROUND
AND NATURE OF OPERATIONS
Subject was incorporated in Mumbai, lndia on October 16, 2009 as a private limited company under the 'Companies Act, 1956' (the 'Act'). The Company's business activity is that of developing, trading in the software and implementing services.
FIXED ASSETS
- Furniture and Fixtures
- Vehicles
- Computer Systems
- Office Equipment’s
- Office Premises
- Air Conditioner
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.70 |
|
|
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.70.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
11 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.